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It is not his choice. If Kaplan wants the team, he gets it. Pera can set some extraordinary price point but then he has to cash out Kaplan at that price if and only if Kaplan refuses to pay that extraordinary price.

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It is not his choice. If Kaplan wants the team, he gets it. Pera can set some extraordinary price point but then he has to cash out Kaplan at that price if and only if Kaplan refuses to pay that extraordinary price.

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It is not his choice. If Kaplan wants the team, he gets it. Pera can set some extraordinary price point but then he has to cash out Kaplan at that price if and only if Kaplan refuses to pay that extraordinary price.

Pera seems extremely active to be ready to sell out. Admittedly I don't know the ends and outs of it, but I assume that some agreement will be made between them.

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I guess it depends on Pera's price point. Kaplan wants to own a team, that much is clear. There are only 30 and maybe 2-3 available right now. So if Pera sets the buyout price at something that Kaplan's group deem is more feasible than hoping to win the Timberwolves in a more open bidding process, I think they take the Grizzlies and run and you could very well see King Jason Levien back on the Grizzlies Throne real soon.

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So pera, not Kaplan, is in charge. Basically, he can just buy Kaplan out at the price Kaplan sets?

Exactly. Of course if Kaplan sets the price too high Pera can just say "it's yours." To be fair, it's possible that neither side does anything also. The option is Kaplan's alone. He doesn't have to make an offer.

The problem of course is that if Kaplan and Pera aren't on the same page, and there is nothing I have read that suggests they are, then how can a team make good long term decisions when they don't know what is going to be happening in 5 months? Wallace loves his job and doesn't want to lose it but if Kaplan takes over he would most likely be out the door with Pera.

It's been assumed that Kaplan would prefer to buy the Minnesota but he only has to buy 25% of the Grizzlies versus 100% of the TWolves to become majority owner. While he may prefer the TWolves he may settle for the cheaper purchase of the Grizzlies despite over-paying for Pera's 25%.

Conversely, if Pera decides he'll buy out Kaplan regardless of the cost, will he bring in more minority owners and keep his personal ownership low or will he take over true majority control? Would the expense of buying out Kaplan effect how he runs the team going forward? Would the minority owners be happier with Kaplan or Pera? What if they want out regardless of who wins the buy/sell war?

How screwed up would things be if Kaplan puts a big number down to buy the team, fires Wallace and replaces him with Jason Levien again???

Excerpt from the Pick and Pop article last year:

Quote

In the first year of ownership, Kaplan was a frequent visitor, often seen courtside and in the locker room and, according to some, actively involved in team management. Since the firing of Levien, he’s been generally absent, seen on the court at a couple of road games but, as far as I know, unseen in Memphis.

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I'm sorry and maybe I'm wrong but I feel the grizz will be moved in the near future no matter who owns it. It says Kaplan is rarely around, how often is pera around? Does he have any interest in memphis? If the team gets ran in the ground over the next two years, I'm worried about the attendance stipulation in the grizz fed ex contract. An owner could make it happen if he wanted to move the team is what I'm saying.

I still feel one of the biggest mistakes in Memphis grizz history is not getting local ownership of the grizz team. That deal on bids sounds dicey.

The article reads that Pera sets the price and Kaplan decides if he wants to pay it. Says Kaplan could trigger a clause where Pera sets the price and Kaplan decides if he wants to pay it. He can decline and then Pera would buy Kaplan out. I thought it was the other way around like you say Chip but if you read the article, it says Kaplan triggers the action. Pera sets the price and Kaplan decides if he buys or sells.

Anyway, if Kaplan ends up with it, would he want to move the team? Dont know much about Kaplan, but if he has to come up with a big chunk of change, he might want to try to move it to reap more revenue. However, anyone who wants to move the Grizz early will have to pony up even more $$$ so who knows?

I wish someone like Staley Cates and Fred Smith along with other locals could just come up with the scratch to get the non local owners out. This is the only major sports team MEM is going to have. We need it to be solidly in Memphis and not have to worry about somebody swooping in and taking it from us

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The article reads that Pera sets the price and Kaplan decides if he wants to pay it. Says Kaplan could trigger a clause where Pera sets the price and Kaplan decides if he wants to pay it. He can decline and then Pera would buy Kaplan out. I thought it was the other way around like you say Chip but if you read the article, it says Kaplan triggers the action. Pera sets the price and Kaplan decides if he buys or sells.

Anyway, if Kaplan ends up with it, would he want to move the team? Dont know much about Kaplan, but if he has to come up with a big chunk of change, he might want to try to move it to reap more revenue. However, anyone who wants to move the Grizz early will have to pony up even more $$$ so who knows?

I wish someone like Staley Cates and Fred Smith along with other locals could just come up with the scratch to get the non local owners out. This is the only major sports team MEM is going to have. We need it to be solidly in Memphis and not have to worry about somebody swooping in and taking it from us

I believe the article is mistaked. First, it has never been reported that way before. Second, it seems the basis for this article was the ESPN article and that article stated:

Quote

At that time, Kaplan and fellow minority owner Daniel Straus, an East Coast health care magnate and the team's vice chairman, have an option to make a bid for controlling interest in the team at a price of their choice, sources said. At that point, Pera would have two options: buy out Kaplan and Straus at that named price, or sell his shares to them based on the same valuation. Control of the decision ultimately would rest with Pera.